HomeStreet shares fall on profit warning from mortgage business

HomeStreet Inc. [s hmst] shares fell in the extended session Thursday after the financial services company said a rise in interest rates has hurt its mortgage business. HomeStreet shares, which were halted briefly, fell 9.5% to $28 after hours. The company expects full-year earnings of $2.34 and $2.36 a share, and fourth-quarter earnings of 7 cents to 9 cents a share. Analysts surveyed by FactSet had forecast fourth-quarter earnings of 50 cents a share and full-year earnings of $2.90 a share.

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